Jakarta, CNBC Indonesia — The Composite Stock Price Index (IHSG) fell 0.68% or 55.87 points to 8,171.33 at the end of session I today, Tuesday (14/10/2025).
A total of 236 rose, 472 fell, and 248 did not move. The transaction value reached IDR 15.68 trillion, involving 23.96 billion shares in 1.76 million transactions.
Throughout session I, the index moved in the range 8,154.8–8,284.91. This morning the index rose 0.36% to 8,257.09.
Quoting Refinitiv, Prajogo Pangestu’s issuer shares were the cause of the JCI correction this afternoon. Barito Pacific (BRPT), which fell 6.18%, contributed -16.17 index points.
Then Petrindo Jaya Kreasi (CUAN) dragged the IHSG by -9.06 index points. Barito Renewables Energy (BREN) and Chandra Asri Pacific (TPIA), each contributed -8.54 index points and -5.64 index points to the decline in the JCI.
Meanwhile, Indonesian and global financial markets started this week in a cautious atmosphere after US President Donald Trump again sparked tensions with China.
However, some positive news is starting to arrive.
It only takes one sentence from Trump to cause market volatility to increase again, as happened last week when Wall Street lost more than IDR 33,000 trillion in capitalization in 24 hours. However, tensions eased after Trump confirmed that US-China relations would be fine.
Even though the pressure at the start of the week was quite pronounced, investors are starting to respond to Trump’s latest statements which have eased tensions a little. In an interview on Air Force One, Sunday (13/10/2025), Trump said that US-China relations would be “fine” even though he previously threatened to impose additional tariffs of up to 100% on Chinese products starting November 1.
He also praised President Xi Jinping as a “smart and strong leader”, a signal that Washington may still have room for negotiations.
China itself reacted quickly to the threat by stating that it was ready to take countermeasures to “protect legitimate rights and interests”.
Apart from that, today, Tuesday (14/10/2025), the focus of global markets shifted to the speech of Fed Chair Jerome Powell at the National Association for Business Economics (NABE) Annual Meeting.
Powell will speak on the topic Economic Outlook and Monetary Policy at the National Association for Business Economics (NABE) Annual Meeting, Philadelphia.
His statement will be an important test of market expectations after the Fed cut its benchmark interest rate by 25 basis points last month to a range of 4.00-4.25%. Global investors will wait to see whether Powell will emphasize a cautious stance, or instead open up room for further easing.
While global uncertainty increases, the Indonesian government strengthens fiscal and monetary coordination. Minister of Finance Purbaya Yudhi Sadewa chaired a closed meeting with bank directors, investment managers and securities economists in Jakarta on Monday (13/10/2025).
He emphasized his commitment to maintaining national financial stability, as well as accelerating financing for priority programs towards the last quarter of this year.
The government is preparing an adaptive fiscal framework that is in sync with Bank Indonesia’s loose policy, including the potential to accelerate budget absorption to support domestic demand.
At the opening of trading today, Japan’s benchmark Nikkei 225 index fell 1.34%, while the Topix fell 1.31%. In South Korea, the Kospi index rose 1.01%, while the small-cap Kosdaq rose 0.84%.
Samsung Electronics shares jumped 2.47% after the company forecast a 32% year-on-year rise in third-quarter profit to about 12.1 trillion Korean won (US$8.48 billion). This figure exceeded the estimate of 10.1 trillion won.
In Australia, the ASX/S&P 200 index fell 0.25%. Meanwhile, the Hang Seng futures contract in Hong Kong traded at 25,794, lower than the previous close of 25,889.48.
Meanwhile, US stock futures contracts moved relatively flat in Asian trading this morning. On Monday local time, Wall Street’s main indexes managed to recover most of their losses last week after Trump’s post on Truth Social.
The Dow Jones Industrial Average closed up 587.98 points or 1.29% to 46,067.58, or recovered 67% of last Friday’s decline. The S&P 500 rose 1.56% to 6,654.72, erasing 56% of its earlier loss, while the Nasdaq Composite jumped 2.21% to 22,694.61 led by a rally in technology stocks.
(mkh/mkh)
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